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P.O. Box 721
Roseville, MI 48066

FME Credit Union is headquartered in Saint Clair Shores and is the 124th largest credit union in the state of Michigan. It is also the 1,872nd largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 21 employees and 8,397 members. FME Credit Union's savings rates are 3X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be an employee of Federal-Mogul Corporation or several other companies. - See Details

Reviews (2)

Go Elsewhere!

Be sure to keep all paperwork, loan papers, emails, etc. when dealing with this credit union.  Very unprofessional.  No customer service at all.  Rude and uncaring.

Save All Information

Save all emails, mailings, contracts letters, etc. with this credit union.  Cover your butt when dealing with them.  Very unprofessional.


Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. FME Credit Union has a relatively low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 FME Credit Union had $93,000 in non-current loans and owned real-estate with $9.29 million in equity and loan loss allowances on hand to cover it. This gives FME Credit Union a Texas Ratio of 1.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for FME Credit Union decreased dramatically from 1.53% as of March 31, 2013 to 1.00% as of March 31, 2014, resulting in a positive change of 34.36%.This indicates that the balance sheet and financial strength for FME Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, FME Credit Union has decreased its total deposits by -$3.04 million, resulting in -4.63% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth FME Credit Union has shown is below average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. FME Credit Union has $72.18 million in assets with $9.29 million in equity, resulting in a capitalization level of 12.87%, which is excellent.

Institution Statistics

NCUA #1622
Year Chartered1936
Primary Regulator
Assets and Liabilities
Assets$72.18 million
Loans$32.91 million
Deposits$62.57 million
Equity Capital$8.91 million
Loan Loss Allowance$376,000
Unbacked Noncurrent Loans$59,000
Real Estate Owned$34,000
Historic Data - March 2013
Assets$75.38 million
Equity Capital$8.70 million
Loan Loss Allowance$412,000
Unbacked Noncurrent Loans$59,000
Real Estate Owned$66,000
Profit Margin - Quarterly
Net Interest Margin1.22%
Return on Assets0.24%
Return on Equity1.93%
Interest Income$513,000

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FME Credit Union Savings Account Rates

1.51%--High-Yield Payroll Savings IRA Traditional (over the age of 50)
1.51%--High-Yield Payroll Savings IRA Traditional (under the age of 50)
1.51%--High-Yield Payroll Savings IRA Roth (under the age of 50)
1.51%--High-Yield Payroll Savings IRA Roth (over the age of 50)
1.51%--High-Yield Payroll Savings IRA Coverdell Education
1.26%--Direct Deposit High Yield Savings Account
1.00%--IRA Shares Account
0.40%--Christmas Club Account
0.20%--Super Share Account
0.15%--Regular Share Account
0.15%--Rainy Day Account
0.15%--Shares Pledged

FME Credit Union Money Market Rates

0.29%$2k-Money Maker PLUS Account
0.24%$2k-Money Maker Account

FME Credit Union Checking Account Rates

0.10%$500-55 PLUS Checking Account (S-SD)

FME Credit Union CD Rates

0.50%$25k-36 Month Standard CD
0.45%$25k-30 Month Standard CD
0.40%$25k-24 Month Standard CD
0.35%$25k-12 Month Standard CD
0.35%$25k-18 Month Standard CD
0.30%$25k-6 Month Standard CD

FME Credit Union has 14 locations. Click to view all FME Credit Union locations.